Developers have a chance to save up to £74 billion

According to a new report from EU project NeSSIE (North Sea Solutions for Innovation in Corrosion for Energy) which focuses on anti-corrision, developers could save up to £74 billion if they were to tackle the current challenges differently. This could be achieved through the use of different materials and anti-corrision solutions as well as other innovations in the MRE (marine renewable energies) market.

According to TidalEnergyToday, “the report found that based on offshore renewable deployment estimations, anti-corrosion solutions and new materials could see potential developers saving over £14 billion for wave and tidal energy projects in the EU by 2050.”

Stefano Valentini, NeSSIE ASTER project manager and the leader of anti-corrosion materials study, said: “It’s clear from this early work, that there are a wide range of technical solutions that can be deployed to great effect in the offshore renewables sector.

“The EU supply chain is at the forefront of subsea excellence and we are confident this will bring forth excellent solutions that will see the cost of energy coming down in offshore renewables.”